Mahanagar Gas technical analysis

According to the latest Pivot data, Mahanagar Gas’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹1153.5, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹1172, ₹1201.9, and ₹1220.4, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹1123.6, ₹1105.1, and ₹1075.2, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mahanagar Gas’s price movement.